AbbVie Posts Solid 2Q; Shares Look Undervalued Even With Expected Humira Declines in 2018
Buoyed by immunology drug Humira once again, AbbVie posted solid second-quarter results, slightly ahead of both our and consensus expectations, but we don’t expect any changes to our $73 fair value estimate and continue to view the stock as undervalued. Despite our $10 billion 2020 estimate for Humira, which is significantly below consensus expectations of $18 billion, we believe the pipeline is underappreciated, especially with immunology drugs ABT-494 and risankizumab. The pipeline gives us co...Planet Fitness is a holding company. Through its subsidiries, the company is engaged as a franchisor and operator of fitness centers. The company's stores include co-branded cardio equipment, free weights, strength machines, a workout area, a small retail area and a drink cooler. The company operates and manages its business in three business segments: Franchise, which includes operations related to its franchising business in the U.S., Puerto Rico, Canada, the Dominican Republic and Panama; Corporate-owned stores, which includes operations with respect to all corporate-owned stores throughout the U.S. and Canada; and Equipment, which includes the sale of equipment to franchisee-owned stores in the U.S.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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